Wall Street brokerages expect that Trinity Industries, Inc. (NYSE:TRN) will post $1.12 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Trinity Industries’ earnings. The highest sales estimate is $1.19 billion and the lowest is $1.07 billion. Trinity Industries posted sales of $1.10 billion during the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The firm is expected to issue its next earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Trinity Industries will report full year sales of $1.12 billion for the current year, with estimates ranging from $3.83 billion to $3.94 billion. For the next fiscal year, analysts forecast that the business will post sales of $4.04 billion per share, with estimates ranging from $3.82 billion to $4.34 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Trinity Industries.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.11. The business had revenue of $973.60 million for the quarter, compared to analysts’ expectations of $951.60 million. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The business’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share.

TRN has been the topic of a number of recent analyst reports. UBS raised Trinity Industries from a “neutral” rating to a “positive” rating in a report on Monday, November 6th. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Trinity Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. Cowen restated a “buy” rating and set a $31.00 price objective on shares of Trinity Industries in a research report on Sunday, October 1st. Finally, Susquehanna Bancshares upgraded Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Trinity Industries presently has an average rating of “Buy” and a consensus price target of $34.13.

Shares of Trinity Industries (NYSE TRN) opened at $35.95 on Friday. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $5,456.63, a PE ratio of 23.97, a price-to-earnings-growth ratio of 2.41 and a beta of 2.26. Trinity Industries has a twelve month low of $25.01 and a twelve month high of $36.55.

In related news, major shareholder Valueact Capital Master Fund, purchased 832,600 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average price of $31.68 per share, for a total transaction of $26,376,768.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Holdings L.P. Valueact purchased 300,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was bought at an average price of $31.45 per share, with a total value of $9,435,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,722,237 shares of company stock valued at $55,164,869. Company insiders own 2.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRN. First Mercantile Trust Co. grew its position in Trinity Industries by 10.9% in the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock worth $163,000 after acquiring an additional 570 shares in the last quarter. Pacad Investment Ltd. lifted its stake in Trinity Industries by 36.5% in the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after purchasing an additional 1,900 shares during the last quarter. Dearborn Partners LLC bought a new stake in Trinity Industries in the second quarter worth about $209,000. Sippican Capital Advisors bought a new stake in Trinity Industries in the third quarter worth about $211,000. Finally, Griffin Asset Management Inc. bought a new stake in Trinity Industries in the third quarter worth about $213,000. Institutional investors own 82.46% of the company’s stock.

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Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

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Earnings History and Estimates for Trinity Industries (NYSE:TRN)

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